Mortgage UK: ‘Best rates’ and different options explained as stamp duty costs are slashed

Mortgage UK: ‘Best rates’ and different options explained as stamp duty costs are slashed

With the housing market back up and running in England and amid the SDLT changes, some may be looking to make a purchase in the near future. For many, buying property is something they will do by getting a mortgage.

And, following this week’s announcement, Katie Brain, Consumer Banking Expert at financial information business Defaqto, has shared some insight into different mortgage options.

Ms Brain said: “The stamp duty holiday is great news for those looking to move, although there are fewer mortgage products available at the moment and so borrowers may have to work harder to get a loan.

“Building societies are still lending to those with small deposits and it is worth checking if there are any deals available to local buyers.”

READ MORE: These UK buyers to feel ‘greatest benefit’ from Stamp Duty holiday

Published at Sun, 12 Jul 2020 20:30:12 +0000